RE: Still being shorted...4 Aug 2022 21:58
Tele news says recession all next year & inflation upward of 13% this year. New loans more expensive, mortgage rates up as an aperitif. They didn't get to mass unemployment, economic stagnation. riots, strikes, 3 day weeks & food rationing, cancelled local services & political paralysis BUT taking these titbits into consideration anyone thinking profits will rise for BOO & other retail next year?
Luckily for BOO having a RCF of 325m which is boosted by the inflation effect, I'm thinking 2024 will be the year BOO will be back around the 300p mark but not sooner. As for this year, a lucky 150p if no one is looking.